Musk: Fully autonomous driving is expected to grow by more than 50% this year

On January 27, Tesla CEO Elon Musk said that deliveries are expected to easily grow to more than 50% in 2022, and 50% delivery growth can be achieved by factories in Fremont and Shanghai alone. In addition, he also said that fully autonomous driving will be achieved this year.

Tesla cars

Separately, Tesla is producing the Model Y equipped with 4680 batteries at its Austin plant, and the first batch of 4680 battery cars will be delivered this quarter. While Tesla doesn't plan to announce a new Gigafactory location this year, Tesla will look for a new Gigafactory location at the end of the year. Musk also said that there will be no new models this year; Tesla will still face chip restrictions this year, and this problem will be alleviated next year.

It is worth mentioning that the larger 4680 battery has increased its capacity by about 5 times compared to the current battery, and the energy density has also increased by about 16%, and with other battery technologies, it may make electric vehicles have a higher range, or reduce costs or weight when the same range.

In addition, on the same day, Tesla also announced the fourth quarter and full year of fiscal 2021. Tesla's total revenue for the fourth quarter was $17.719 billion, up 65% year-over-year, and net profit was $2.343 billion, and net profit attributable to common shareholders was $2.321 billion, up 760% compared to $270 million in the same period last year, the report showed.